Grandeur Peak Global Advisors LLC Grows Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Grandeur Peak Global Advisors LLC boosted its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,197.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,385 shares of the company's stock after acquiring an additional 192,325 shares during the period. Grandeur Peak Global Advisors LLC owned 0.38% of Enerpac Tool Group worth $8,563,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. F M Investments LLC acquired a new stake in shares of Enerpac Tool Group during the fourth quarter worth $340,000. CenterBook Partners LP raised its holdings in Enerpac Tool Group by 304.2% during the fourth quarter. CenterBook Partners LP now owns 41,432 shares of the company's stock worth $1,702,000 after purchasing an additional 31,182 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Enerpac Tool Group in the 4th quarter valued at approximately $1,185,000. Invesco Ltd. increased its position in Enerpac Tool Group by 39.2% during the 4th quarter. Invesco Ltd. now owns 574,894 shares of the company's stock worth $23,622,000 after purchasing an additional 161,794 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Enerpac Tool Group by 2.8% during the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after buying an additional 314 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, CJS Securities began coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective for the company.

Enerpac Tool Group Price Performance

EPAC traded down $0.05 on Thursday, hitting $38.62. 178,324 shares of the company were exchanged, compared to its average volume of 331,921. The business's fifty day moving average is $43.78 and its 200 day moving average is $44.59. The firm has a market capitalization of $2.09 billion, a P/E ratio of 23.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a fifty-two week low of $34.59 and a fifty-two week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.